ATOMEUR Trade Signal: SELL OpportunityDirection: Sell
Enter Price: 4.974
Take Profit: 4.63433333
Stop Loss: 5.38633333
We have identified a potential selling opportunity for the ATOMEUR currency pair using the EASY Quantum Ai strategy. This strategy relies on advanced AI algorithms that analyze market trends, historical data, and volatility indicators to predict future price movements.
Justification for the "Sell" Signal:
1. Technical Analysis: The AI algorithm detected a downtrend pattern in the recent price actions of ATOMEUR, characterized by a series of lower highs and lower lows. This suggests bearish momentum that could drive the price downward towards our specified take profit level.
2. Resistance and Support Levels: The current enter price of 4.974 has been identified as a resistance zone based on previous price action, indicating that a reversal is likely to occur. The take profit target of 4.63433333 aligns with a key support area where buyers have historically stepped in.
3. Market Sentiment: Sentiment analysis indicates that traders are more inclined to sell ATOM against the Euro, influenced by macroeconomic factors and news affecting market confidence.
Please ensure proper risk management by adhering to the stop loss of 5.38633333 to protect your investment from unexpected market reversals. Monitor this trade actively and adjust your strategy according to changing market conditions.
ATOMEUR trade ideas
ATOMEUR 'D' - Another Cosmos Buy Signal to the Upper TrendWe've recently published an Idea regarding a Long signal with ATOMEUR on the 2D timeframe, we've got the same signal from Crypto Tipster v2 on the Daily timeframe too, this can only be a good thing!
As you can see there is a potential layer of resistance near the center of this symetrical triangle, which could take a second push to break through, but generally speaking the price should rebound top to bottom and back again when at this stage of such a triangle - a genuine breakout shouldn't happen until much later on when the squeeze pressure becomes too much!
We're going for a 30% price increase lasting just over a month until near mid-february - what a nice valentines day present this could be!
ATOMEUR '2D' - A Predictable 30% Rise Over Next MonthAtom is currently caught within a near perfect symetrical triangle, having just rebounded again off the bottom edge.
Our Crypto Tipster v2 Indicator has been having some amazingly good trades with ATOMEUR '2D' over the last year or two and this could be another one. Already showing gains of nearly 5% by the time we've got around to writing this Idea!
Given this signal has been given on the 2D timeframe it could take some time to see these gains come to fruition, but at some point within the next 6 weeks we should see the price steadily rise to the upper descending trend line - offering a total of around 30% profit; not too bad!
ATOMEUR 'D' - Sat on Support? Or a Drop Incoming?Crypto Tipster v2 sent us a Sell signal on Atom / Eur on the daily chart, and it has proved itself to be quite a reliable indicator with Atom recently! Should we follow this signal? The current price does seem to be sat on nice little ledge of support, but if this was to break down the next support isn't until after a near 30% drop - that could prove to be quite a trade! Keep your stops tight on this one if you do decide to trade, and aim for at least a 20% drop.
Rare divergenceI found a rare divergence between two triangles in the price (descending) and RSI (ascending) in my favorite 4h ATOM/EUR pair...
If the price breaks above the upper triangle line, which i believe it will because of the divergence on the triangles, a move to at least 11.88 should be expected.
I'm getting in now, I will add more if the price drops to the lower trend line depending on the RSI too. I will add more too if it clearly breaks the upper trend line of the triangle...
Beware of a fake break in both directions.
HAVE FUN!!!
Just an update of ATOMEUR chart... We clearly see the expected uptrend and price negotiation in a channel but we also see a new triangle pattern...
I'm all excited to see where this triangle breaksn to...
12,55 is the C&H target ATM as all other targets are reached...
When the triangle breaks we will get a new target...
ATOMEUR TrianglePossible formation of a symmetrical triangle.
For a reckless trader wait for the upside breakout of the triangle.
For a cautious trader wait for a retest or the break of the all time high (blue line).
In this case a Stop Loss would be just a bit below the EMA 50.
Target: let it run and move the SL to break even.
ATOMEUR Analysis 16-03-2021 - Getting ready for a breakout!The bar is nearing the triangle end, so we should be expecting a breakout soon. The analysis is based on the daily timeframe, so this could still happen in a few days. But considering the Bitcoin price at the moment that can make a big move anytime, the breakout here could also happen anytime soon.
ATOM has been ranging (aka. in accumulating phase) for almost 3 weeks, so I think the breakout force wouldn't be small either.
The pole is around €6 high, so we can expect the breakout strength around that number.
However, taking consideration of the Fibonacci levels in the channel, I would set a TP at about €5, depending on the time of the breakout.
It's best to wait until the bar closed to confirm the breakout, the higher the timeframe the better.
** If you enjoy this idea, please like and/or comment. Thanks!
P.S. I just found a divergence in the chart after I publish, so it isn't shown in the chart. But you can find it manually if you look at the date 28-02 and 14-03, there's a higher low on the chart, but a lower low on RSI. So it should be a sign of a bull continuation. And in my Bitcoin analysis, I also thought that BTC would pull back to around $53,000 before going back up again (still bullish). So I think the breakout is more likely to be a bullish one.
Pullback in the short term for that wonderful projectATOM (Cosmos) is a wonderful project, very promising.
I invested and staked a lot of ATOM, and I'm looking to buy more.
However, I think the price is a little bit expensive, and I'm looking for a reasonnable pullback to bounce on that :
- black trendline
- 0.382 fib level
- B point
Target is on charts.
I think this bearish xabcd will play out nicely !
ATOM/EUR point journalier : on se dirige vers les 2,5 eurosLe scénario bear est finalement en train de se confirmer. On est clairement sortie de 2 jours en range pour en entrer dans un triangle descendant. Il n'y a plus qu'à attendre... Je sais cela fait quelques jours que je le répète mais là, clairement, il n'y a pas matière à rentrer.
Zone d'incertitude pour ATOM #share2steemATOM/EUR reste toujours dans sa tendances bear avec les deux ligne de tendance rouge. On voit se former un triangle de compression entre le la bande supérieur et le support des 3.2 en vert. Le RSI montre cependant une divergence intéressante à la hausse. Attention à ne pas se précipiter, il faut attendre une bougie verte de confirmation qui cassera la ligne de tendance supérieur.
On attend sagement, les volumes sont faibles et on peut partir à la hausse comme à la baisse.
Atom against the EMA20Hello!
Here is a modest attempt to analyze the 4h chart of ATOM / EUR.
At first glance I point to the MACD, which strives further up and just before the 0 line. Here an excess is likely to be a positive signal, and at the moment the distance from the signal line seems to be increasing again.
On the chart itself, Atom fights against the EMA20 and can not rise above it. Should this succeed, wait for the EMA50 and the red dotted trend line from 2 May. Furthermore, Atom is located in a small ascending channel, which has previously provided 3x support. Should Atom fall underneath, support is waiting for the deep of May 10th at € 3.18.
The EMA50 is likely to be a stubborn resistance as it trades at the same level as the EMA20 in the daily chart.